Top 25 Most Notable Startups That Have Shut Down In 2018

The development of startups is not determined by the massive amount of million-dollar investment. In reality, even private firms under the good operation may face the risk of bankruptcy anytime. This can be easily seen via a string of startups which have died in the year 2018. According to the PitchBook’s statistics, 2018 has witnessed the failure of at least 25 prominent startups. Among these companies, there are even 03 ones that have operated for over 20 years.

Besides, this list also includes seven companies hailing from the medical sector. The healthcare industry seems to have one tough year!

Theranos, a blood-testing startup, holds the first position in this list. The startup owns the maximum valuation of $9 billion which is higher than the total amount of all other startups. Theranos came to an end when the Wall Street Journal reported the suspicion concerning its technology.

Let’s check the list of the 25 most notable startups that have died this year:

1. Theranos – a blood-testing startup

Year established: 2003

Maximum valuation: $9 billion

Raised to date: $910 million

Employees: 51-60

2. Lytro – develops Light Field imaging platform

Year established: 2006

Maximum valuation: $360 million

Raised to date: $202 million

Employees: 101-200

3. Videology – develops an advertising software for TV and video

Year established: 2007

Maximum valuation: $311 million

Raised to date: $233 million

Employees: 301-400

4. Rethink Robotics – develops industrial robots

Year established: 2008

Maximum valuation: $291 million

Raised to date: $150 million

Employees: 101-200

5. Shyp – offers an on-demand delivery platform

Year established: 2013

Maximum valuation: $275 million

Raised to date: $62 million

Employees: 101-200

6. ItsOn – offers a cloud-based telecommunications platform

Year established: 2008

Maximum valuation: $243 million

Raised to date: $41 million

Employees: 101-200

7. Airware – provide commercial drone services

Year established: 2011

Maximum valuation: $59 million

Raised to date: $104 million

Employees: 101-200

8. Medical Simulation – provides medical simulators

Year established: 1998

Maximum valuation: $194 million

Raised to date: $55 million

Employees: 91-100

9. ReVision Optics – develops optical technology

Year established: 1996

Maximum valuation: $183 million

Raised to date: $175 million

Employees: 51-60

10. Fallbrook Technologies – provide continuously variable transmission for bicycles

Year established: 1998

Maximum valuation: $169 million

Raised to date: $171 million

Employees: 101-200

11. Primary Data – offers intelligence and automation software

Year established: 2013

Maximum valuation: $150 million

Raised to date: $89 million

Employees: 81-90

12. Candescent Health – develops a cloud-based radiology optimization software

Year established: 2009

Maximum valuation: $145 million

Raised to date: $94 million

Employees: 51-60

13. Paieon – offers an image-processing technology

Year established: 2000

Maximum valuation: $136 million

Raised to date: $34 million

Employees: 21-30

14. Alphabet Energy – develops a waste heat recovery technology

Year established: 2009

Maximum valuation: $118 million

Raised to date: $78 million

Employees: 31-40

15. Winx – develops a sleep therapy systems

Year established: 2007

Maximum valuation: $115 million

Raised to date: $77 million

Employees: 21-30

16. Ezhome – offers lawn-care services based on subscriptions

Year established: 2014

Maximum valuation: $102 million

Raised to date: $20 million

Employees: Not available

17. Navdy – develop an in-car head-up display device

Year established: 2012

Maximum valuation: $100 million

Raised to date: $80 million

Employees: 21-30

18. Rennovia – develops novel processes

Year established: 2009

Maximum valuation: $99 million

Raised to date: $69 million

Employees: 41-50

19. DataTorrent – develops a stream processing platform

Year established: 2012

Maximum valuation: $96 million

Raised to date: $24 million

Employees: 41-50

20. Innovari – provides an interactive energy platform

Year established: 2011

Maximum valuation: $94 million

Raised to date: $12 million

Employees: 101-200

21. Apprenda – develops a cloud-based enterprise platform

Year established: 2007

Maximum valuation: $90 million

Raised to date: $56 million

Employees: 81-90

22. Claritas Genomics – offer testing services for diagnosis of pediatric disorders

Year established: 2013

Maximum valuation: $60 million

Raised to date: $39 million

Employees: 21-30

23. Industrial Origami – manufacture industrial materials

Year established: 2003

Maximum valuation: $58 million

Raised to date: $41 million

Employees: 11-20

24. Senzari – develops a music and movie intelligence platform

Year established: 2010

Maximum valuation: $52 million

Raised to date: $13 million

Employees: 11-20

25. SDCmaterials – develops nano-materials and products

Year established: 2004

Maximum valuation: $48 million

Raised to date: $26 million

Employees: Not available